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Japan's Sept retail sales decline for a second month

EconomyOct 27, 2021 08:12PM ET
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© Reuters. FILE PHOTO: Shoppers walk at the Ameyoko shopping district, also called Ameya-Yokocho, where Tokyo’s biggest street food market is located, in Tokyo, Japan June 5, 2021. REUTERS/Issei Kato

By Kantaro Komiya and Yoshifumi Takemoto

TOKYO (Reuters) - Japan's retail sales fell for a second month in September as consumers limited spending amid concerns over the coronavirus pandemic, reinforcing expectations the world's third-largest economy stalled in the third quarter.

Given the pandemic's longer-than-expected impact on Japanese manufacturers and consumers, the Bank of Japan will likely lower its economic growth forecast for the current fiscal year in its quarterly report due later on Thursday.

Retail sales in September slipped 0.6% from the same month a year earlier, government data showed on Thursday, better than economists' median forecast for a 2.3% decline in a Reuters poll. It followed a 3.2% dip in August that marked the first year-on-year decline in six months.

Compared with the previous month, retail sales increased a seasonally adjusted 2.7%.

Japan's Sept retail sales decline for a second month
 

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king michael
king michael Oct 27, 2021 8:25PM ET
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The major problem of Japan is it decided to dump hundred thousands tons of radiational water from nuclear power plant failure to sea. Those radiation water will flow with ocean stream to California in a month.
 
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